HS Code:
Dipotassium carbonate (HS Code: 283640) is a white, water-soluble salt often used in the production of glass, soap, and as a buffering agent in various industrial applications. It is also utilized in agriculture as a fertilizer and in the food industry as an acidity regulator. This chemical compound plays a critical role in industries requiring pH stabilization and as a source of potassium.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market)
Rising demand in agricultural applications
Increased trade volume due to the growing need for potassium-based fertilizers in developing economies
2021-2022
Shift towards sustainable production
Manufacturers adopting greener processes to meet regulatory standards, affecting production costs and pricing
2020-2022
Growing industrial use in glass manufacturing
Stable demand from the construction sector driving exports from major producers like China and Germany
2019-2022
The Regional Comprehensive Economic Partnership (RCEP) has reduced tariffs on dipotassium carbonate among member countries, boosting trade flows in the region.
January 2022
Increased exports from China and South Korea to other RCEP nations by approximately 15%.
The European Union introduced new regulations requiring lower carbon footprints for chemical imports, including dipotassium carbonate.
March 2023
Potential cost increases for non-compliant exporters, favoring producers with sustainable practices.
The United States initiated an anti-dumping investigation into dipotassium carbonate imports from China, citing unfair pricing practices.
July 2023
Possible imposition of additional duties, which could reduce Chinese market share in the US.